Coverage of the Singapore International Reinsurance Conference
Franz Josef Hahn, CEO, Peak Re, said mutual and cooperative insurers have a strong presence in the U.S. and Europe, and are an emerging force in China.
Matt Cannock, managing director for Asia, Markel International, said some insurers have been entering and leaving markets, creating uncertainty about the commitment of the industry to Asia.
Frank Fortunato, CEO, Catex, said risk data is in shorter supply in many parts of Asia, which is one reason the world did not realize how broadly flooding in Thailand would impact global supply chains.
Chesley Williams, senior director, model product management, RMS, said modelers are focusing on the events that occur after the initial peril.
Milan Simic, director for international operations, AIR Worldwide, said the modeler is focusing on how risk such as cyber exposures play into other issues and create wider exposures.
